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UKG: May’s Workforce Activity is Good News for Main Street

Live labor market briefing June 5 at 10:00 a.m. ET to analyze frontline workforce trends across industries, business-size segments

LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--UKG:

Summary:

Workforce activity increased 0.5%, marking the fourth consecutive month of gains, according to the May 2024 Workforce Activity Report published by UKG. The report is particularly good news for small businesses on Main Street, as smaller organizations outperformed larger organizations in May. This data follows a recent UKG Workforce Institute survey finding that 74% of employed Americans would prefer to work for a smaller business over a larger business.

 

UKG will discuss current and potential trends shaping the frontline economy on June 5, at 10:00 a.m. ET, including:

  • Why smaller businesses are starting to show signs of strength;
  • Why recent consistency in the UKG index should be positive news for the labor market;
  • What employees and job seekers can expect, as we approach the summer; and
  • What to expect from Friday’s BLS jobs report.

Register to attend the live briefing.

 

Significance:

The UKG Workforce Activity Report is a high-frequency index analyzing shift work trends from 4.5 million people across 40,000 U.S. businesses to understand the economy. Reports are published and briefings are held each Tuesday prior to the publication of the BLS Employment Situation Report. Upcoming publication schedule:

  • June 2024 Workforce Activity Report: July 2, 2024
  • July 2024 Workforce Activity Report: July 30, 2024
  • August 2024 Workforce Activity Report: September 3, 2024

About UKG

At UKG, our purpose is people. We are on a mission to inspire every organization to become a great place to work through HCM technology built for all. More than 80,000 organizations across all sizes, industries, and geographies trust UKG HR, payroll, workforce management, and culture cloud solutions to drive great workplace experiences and make better, more confident people and business decisions. With the world’s largest collection of people data, work data, and culture data combined with rich experience using artificial intelligence in the service of people, we connect culture insights with business outcomes to show what’s possible when organizations invest in their people. To learn more, visit ukg.com.

Follow UKG on Facebook, Instagram, LinkedIn, TikTok, X, and YouTube.

Copyright 2024 UKG Inc. All rights reserved. For a full list of UKG trademarks, please visit ukg.com/trademarks. All other trademarks, if any, are property of their respective owners. All specifications are subject to change.

Contacts

UKG Contact:
media@ukg.com

Industry:

UKG

Details
Headquarters: Weston, Florida, and Lowell, Massachusetts
CEO: Jennifer Morgan
Employees: 14,000
Organization: PRI
Revenues: $4.31 billion (2023)
Release Summary
UKG report finds signs of strength for smaller businesses amid challenging labor market ahead of summer season.
Release Versions
English
Hashtags
#Economy
#LaborMarket
#SmallBusiness

Contacts

UKG Contact:
media@ukg.com

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